PetSmart’s Quarterly Sales Climb 7.5% as Retailer Bets on Private Labels
- The retailer saw $2.5 billion of sales in the second quarter
- Store brands would help drive customer loyalty, boost margins
A pedestrian walks a dog outside a PetSmart store in New York.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
PetSmart LLC’s second-quarter performance was buoyed by higher merchandise and services revenues, according to people with knowledge of the situation.
The BC Partners-owned pet supply retailer booked $2.5 billion in sales for the quarter ended July 31, up 7.5% from the same period a year ago, said the people, who asked not to be identified because the results were private.